China VC fundraising down 50% in 2013
Venture capital fundraising in the mainland fell 79% quarter-on-quarter and 50% year-on-year, but capital deployed rose, with $1.5 billion invested across 106 deals.
Chinese venture capital fundraising fell 79% to $182 million across nine funds in the fourth quarter, new data shows.
Year-on-year numbers were also down, with VC fundraising totalling $1.97 billion in 2013, half the amount raised in 2012, according to DJX VentureSource research.
Govtor Capital’s Jiangsu Hi-tech Innovation Angel Fund raised the most in Q4 with $82 million, accounting for 45% of the total raised in the quarter.
Beijing Yonyou Xingfu Cloud Venture Capital Center…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.